Is Rajputana Indu. overvalued or undervalued?

As of 29 August 2025, the valuation grade for Rajputana Industries has moved from fair to expensive. The company is currently overvalued, as indicated by its PE ratio of 21.49, a Price to Book Value of 5.45, and an EV to EBITDA of 11.27. In comparison to its peers, Hindustan Zinc has a PE ratio of 17.19 and an EV to EBITDA of 10.33, while Vedanta shows a more attractive PE of 12.46 and an EV to EBITDA of 5.17, highlighting Rajputana's relative overvaluation.
Despite a recent stock performance that underperformed the Sensex over the past month and year, with declines of 12.09% and 13.56% respectively, the company's high valuation metrics suggest that it is not a favorable investment at this time. The notable outlier in the peer group is Hindustan Copper, which has an exceptionally high PE ratio of 45.57, but overall, Rajputana Industries does not present a compelling case for investment given its current valuation status.